Meesho revenue jumps 33% to Rs 7,615 Cr, cuts losses by 97% in FY24

Quick Summary:

Driven by a 36% surge in order volume, the company saw its high demand in categories like home & kitchen, beauty & personal care, and baby essentials.

According to media reports, the fundraise was part of a bigger $500 million to $600 million round, which could value the company at $3.9 billion.

Founded in 2015, Meesho last raised$275 million in a funding round via primary and secondary share sale in May.

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Article Details

Author / Journalist: Pooja Malik

Category: StartupsEconomyBusiness

Markets: India

Topics: Ecommerce Policy Personal Fiscal Privacy Growth Logistics Crore Company Meesho

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-30 @ 07:19:03 (2 days ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 312 words

Reading Time: 2 minutes read

Sentences: 20 lines

Sentence Length: 16 words per sentence (average)

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Copyright Owner: © YourStory

News ID: 23335907

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